Currently, the overall market has been revolving around 107500, starting a game of speculation. Looking at the four-hour level, the price of the coin welcomed a wave of upward movement at the morning session, breaking through the upper Bollinger Band resistance and completing the closing. However, it did not break through 108800 overall. During the noon session, the market began to bear pressure and pull back, currently just hovering around the middle line of the Bollinger Band. For now, it seems to have stabilized temporarily, but the key to the ongoing bull-bear game still depends on whether the bulls can firmly stabilize the price above the 108000 mark, which is the core factor determining whether the market can turn strong.

Looking at the one-hour level chart, the market has formed a clear double-top pattern. Although the price of the coin has dipped twice, it has not broken the previous low. The K-line pattern has gradually shifted from bearish to small bullish, appearing to be in adjustment, but in reality, the adjustment strength is very weak. Both the upper resistance and lower support have reached a balance and are oscillating repeatedly. For future operations, I still favor continuous strength in a southward direction after the adjustment, maintaining a focus on high short positions while supplementing with low long positions.

Place short orders around 107700-108400, targeting 106300.

Place shorts in the range of 2480-2520, targeting 2430-2400.